Amplify Energy Corp. (NYSE:AMPY) Holdings Lifted by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC boosted its holdings in Amplify Energy Corp. (NYSE:AMPY) by 17.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,870 shares of the company’s stock after purchasing an additional 3,900 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Amplify Energy were worth $161,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. American Century Companies Inc. grew its stake in shares of Amplify Energy by 26.8% in the 4th quarter. American Century Companies Inc. now owns 1,085,645 shares of the company’s stock worth $6,514,000 after purchasing an additional 229,608 shares during the last quarter. Geode Capital Management LLC grew its position in Amplify Energy by 3.5% in the third quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock worth $5,772,000 after buying an additional 29,988 shares during the last quarter. State Street Corp increased its holdings in shares of Amplify Energy by 2.1% in the third quarter. State Street Corp now owns 805,211 shares of the company’s stock valued at $5,258,000 after buying an additional 16,885 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Amplify Energy during the 4th quarter valued at $1,022,000. Finally, Empowered Funds LLC boosted its stake in shares of Amplify Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 155,622 shares of the company’s stock worth $934,000 after acquiring an additional 7,516 shares in the last quarter. 42.84% of the stock is owned by institutional investors and hedge funds.

Amplify Energy Price Performance

Shares of NYSE:AMPY opened at $3.26 on Friday. The company has a market cap of $131.28 million, a P/E ratio of 2.11 and a beta of 1.33. The company’s fifty day moving average is $4.60 and its two-hundred day moving average is $5.81. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. Amplify Energy Corp. has a 12-month low of $3.25 and a 12-month high of $8.15.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.17). Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. The business had revenue of $69.02 million for the quarter, compared to analyst estimates of $76.04 million. Equities analysts expect that Amplify Energy Corp. will post 1.25 earnings per share for the current fiscal year.

Insider Transactions at Amplify Energy

In related news, Director Todd R. Snyder acquired 25,000 shares of the company’s stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $3.83 per share, for a total transaction of $95,750.00. Following the purchase, the director now owns 108,416 shares in the company, valued at $415,233.28. This represents a 29.97 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Frew bought 15,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was bought at an average price of $3.85 per share, with a total value of $57,750.00. Following the transaction, the insider now owns 54,222 shares in the company, valued at approximately $208,754.70. This represents a 38.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 50,000 shares of company stock valued at $194,900 over the last three months. 1.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AMPY has been the topic of a number of recent analyst reports. Alliance Global Partners reaffirmed a “buy” rating on shares of Amplify Energy in a research report on Friday, March 7th. Benchmark restated a “buy” rating and set a $11.00 price objective on shares of Amplify Energy in a report on Thursday, January 16th. Finally, Industrial Alliance Securities set a $8.50 price objective on shares of Amplify Energy in a research note on Friday, March 7th.

Amplify Energy Profile

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company’s properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.